Thread regarding 3M layoffs

It has been dramatic.

Someone please tell CEO that this is destruction of shareholder value.
Not creating!!

UBS price target 118. !!!!!

Heading for $130

3M is the same 8 years ago
Whereas Dow30 has doubled the same period
It is the worst CEO performace ever

You know 3M stock is a winner when it's the same price it was 8 years ago ( from Yahoo Finance message board)

for info they cannot cut anymore as there are insufficient resources right now, everybody is doubling or tripling up to cover for those colleagues who left. even half of the CEO executive team has jump ship for past 2-3 years. this organization needs a big shake up. the standardized ERP promise is c r a p and its been more than 10 years and they are still not done with the global deployment

going to be big moves in bringing a lot of work back to the states, about time we are an american corp so lets help our people first

Thanks - is that Tusa promoting BK?

Guys there really is no floor. In BK this could be worth zero and that is a lot more probable than most people think.

$130

This will be 50% off its peak.

The current leadership needs to go.

Next stop 135

this is from a previous post in november so some very well informed ops on this site,,#

nobody wants it,, and how can Roman take his big payoff when the company is on a slide for the next 12-18 months, watch out for the share price going down 10-15 usd in the second week of november,, it might not bounce back ever,, the new norm will be $145 from february onwards,, the big crash could happen in November next year

Will it crash to its Covids low?

137

Broken 150. What is next support level?

The outcome of "A3M". Hopeless share price performance.

3M share price heading towards $150....
Going opposite direction!!

Too late to spin out.

DuPont spun off their liability and it looks like they will still be liable. Congress hasn't taken kindly to that practice, as the Congressional hearing in 2019 will attest to. J&J has done it with only $3.5B of their talcum powder liability and the media is tearing them apart because that entity has gone bankrupt. It's in the news right now, actually.

Can pfas be spun off into own thing to save the other parts from the liability

Will its share price plunge like Facebook, when it releases its 2022 guidance middle of Feb?

The major problem with the stock price is PFAS liability, and now earplug liability. MMM is on the hook for untold tens of billions of dollars, possibly hundreds of billions of dollars. This massive unknown liability makes it impossible to determine a remotely accurate Fair Book Value of the corporation which means it's impossible to know what price someone should buy the stock at. That makes buying the stock at any price a gamble, and MMM is definitely not positioned as a risky stock, nor has it been for a generation. Throw in multiple failed restructurings, anemic organic growth despite ever-increasing amounts of R&D investment, and an abysmal ERP implementation that will likely take about 20 years from start to finish and there isn't anything to be excited about. The steadily increasing dividend is literally the only thing the company has left to offer investors, that will be the last thing to go.

Another set of answers:

1. Not anytime soon. (agree IBM is the first thrown out)

2. Also not immediately. There are still billions of stock buyback dollars that can be trimmed to keep the dividend afloat for several years.

3. The executives literally haven't figured it out yet. 3M doesn't have enough people in the right jobs for the current business size, let alone to grow. Until they get that figured out the company is going nowhere.

@kxa IBM. About time, too.

MMM will not be cut from Dow

Alphabet post split is good bet to be added to DJ30. But who comes out?